Brooks Pierce Purchases 5,000 Shares of Inspired Entertainment (NASDAQ:INSE) Stock

Inspired Entertainment, Inc. (NASDAQ:INSE) CEO Brooks Pierce purchased 5,000 shares of Inspired Entertainment stock in a transaction that occurred on Friday, March 27th. The stock was acquired at an average price of $6.76 per share, with a total value of $33,800.00. Following the transaction, the chief executive officer owned 57,407 shares in the company, valued at $388,071.32. The trade was a 9.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Inspired Entertainment Price Performance

Shares of NASDAQ:INSE opened at $6.68 on Friday. Inspired Entertainment, Inc. has a 1-year low of $6.10 and a 1-year high of $9.95. The stock has a market cap of $180.76 million, a P/E ratio of -11.32 and a beta of 1.23. The firm has a fifty day moving average price of $8.07 and a 200 day moving average price of $8.49.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.43). Inspired Entertainment had a negative net margin of 5.59% and a negative return on equity of 1,176.67%. The business had revenue of $77.20 million during the quarter, compared to analyst estimates of $76.08 million. Sell-side analysts expect that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Inspired Entertainment

A number of hedge funds have recently added to or reduced their stakes in INSE. LSV Asset Management purchased a new stake in Inspired Entertainment in the 4th quarter valued at approximately $93,000. BNP Paribas Financial Markets raised its stake in shares of Inspired Entertainment by 428.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,437 shares of the company’s stock worth $110,000 after buying an additional 10,892 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Inspired Entertainment during the 1st quarter worth approximately $123,000. R Squared Ltd acquired a new stake in shares of Inspired Entertainment in the 3rd quarter valued at approximately $143,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Inspired Entertainment by 28.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,085 shares of the company’s stock valued at $151,000 after buying an additional 3,571 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BWS Financial restated a “buy” rating and issued a $20.00 price target on shares of Inspired Entertainment in a research report on Wednesday, March 11th. Zacks Research cut Inspired Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings downgraded Inspired Entertainment from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.83.

About Inspired Entertainment

Inspired Entertainment, Inc (NASDAQ: INSE) is a business-to-business provider of digital gaming content and technology solutions for the global gaming industry. The company’s offerings include server-based gaming modules, virtual sports simulations, digital interactive content and mobile sports betting platforms. Inspired designs proprietary games and software that integrate with lotteries, casino operators, retail betting shops and online platforms, emphasizing reliable performance, rapid deployment and engaging player experiences.

At the core of Inspired’s product suite is its Virtual Sports catalog, which simulates sporting events using advanced algorithms and randomized outcomes.